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Problem 2: (25 points) Assume the following information: Quoted Bid Price $0.67 $.074 Quoted Ask Price $0.69 $.077 8.5 Value of an Australian dollar (AS)

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Problem 2: (25 points) Assume the following information: Quoted Bid Price $0.67 $.074 Quoted Ask Price $0.69 $.077 8.5 Value of an Australian dollar (AS) in $ Value of Mexican peso in $ Value of an Australian dollar in Mexican pesos 8.2. Assume you have $100,000 to conduct triangular arbitrage. What will be your profit from implementing this strategy

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